Infogrames & SCi

This PDF press release has a statement from Infogrames Entertainment
admitting they have made an offer for SCi Entertainment (thanks Gamer's Hell), saying
this is in response to recent press speculation (story).
Following their recent offer to purchase the remainder of ATARI
(story), they shed some light on "a detailed indicative offer"
they made to the parent company of Eidos Interactive: Infogrames
Entertainment SA (“Infogrames”) notes the recent press speculation regarding a
possible offer by Infogrames for SCi Entertainment Group plc (“SCi”).

Infogrames confirms that it has presented the SCi Board with a detailed
indicative offer for SCi that the Infogrames Board believes has the potential to
be significantly value enhancing to both SCi’s and Infogrames’ shareholders. The
SCi Board has declined, at this stage, to entertain Infogrames’ offer.

Infogrames’ proposal is financially disciplined and recognises the strengths of
both companies. Although the indicative offer is subject to standard conditions
relating to due diligence, the receipt of irrevocable undertakings from certain
SCi shareholders and the recommendation of the SCi Board, it is not subject to
financing. Infogrames has sufficient resources to satisfy the cash element of
its indicative offer and has secured commitments in relation to the potential
working capital requirements of the enlarged group. Importantly, Infogrames is
in a position to move expeditiously with its proposal.

The standard conditions referred to above are waivable by Infogrames. Whilst
Infogrames has been considering a range of options, including but not limited to
a potential merger with SCi, there can be no certainty that any offer will be
made for SCi (whether or not the aforementioned conditions are satisfied or
waived), or as to the terms on which any such offer may be made.

A further announcement may be made, if and when appropriate.


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